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4 the garden island. Tuesday, dec. 2. 1919 THE GARDEN ISLAND Issued Every Tuesday KENNETH C. HOPPER Managing Editor TUESDAY DEC. 2 .THE POOR IXTER-1SLAXD . . From the Hawaii Pout-Herald . Although the price of shipbuild ing at 1hi time is high and al though in spite of this the Matsouj Navigation Company can see its way to order four new ships, the Inter-Island Steam Navigation Company cannot see its way to or der one, for the Honolulu-Hilo run. In his letter to the Hawaii Pub licity Commission, President J. A. Kennedy of the Inter-Island states that the company is "al ways anxious to improve its ser vice, and will put on a larger boat whenever the prices of ships go back to normal, or whenever it can see its way so to do." This anxiety to serve the public is very pretty and laudable, if true. In consulting the figures in the Manual of Hawaiian Se curities issued by the Honolulu Stock and Bond Exchange, we discover a multitude of interest ing fads, none of which however explain WHY the Inter-Island cannot see its way to enlarge ments at this time. We find, for instance, that in 101G, when the capital of the com pany was ?2.2."0.(M)0, a stock di vidend of $750,000 was issued, whereby the capitalization was raised to .1,000,000. In the same vear the company had a surplus of more than $170,000, in 1917 this increased to more than ?719. 000, and in 1!(1S rose to a point in excess of SS70.000. In the years from 1912 to ftl8, both inclusive, the company show ed net profits as follows: 1912 $453,000 ; 19Ki, $2:W,000; 1914, $3:18,000; 1915, $530,000; 191G, $527,000; 1917, (war period), $519,000; and 1918 (also war times), $511,000. During the same series of years, the company paid dividends as follows: 1912, $202,000; 1913, $202,000; 1914, $202,000; 1915, $202,000; 191(5, $258,000; 1917 $270,000, and 1918, $300,000. In other words, during the entire time covered by these figures, in addition to putting by a tidy sur plus each year, the company paid dividends of about 10 percent, even after the stock dividend of $750,000 had been issued. In ad dition, in the three vears from 1910 to and including "1918, total assets rose from $4,320,000 to $4,949,000. In the face of this showing, the company now has the supreme cheek to advance its passenger rates 10 percent, and freight rates 25 percent. This in spite of the fact that the charges were al ready at such a point ) consider ing the distance covered) as to single out the company as the high priest of "nervy" corpora tions, and the population- that stood for these rates as the most gullable in the world. The ex cuse for this last move, is that the wages of engineers and others have been raised. It is possible that the increased rates will not more than cover this increase in wages, but in this regard, we are decidedly from Missouri. In his letter to the publicity commission, Mr. Kennedy says that his company considers the present heavy passenger travel as unusual, and that with the re opening of the Matson's triangu lar run, whereby some of those boats will come here, he expects to see it drop off. As long as the Inter-Island is willing to sit by permit this to happen, it certain ly will, as indeed, it should. We believe in the support of home industry. But we do not believe that such support, and taking all the traffic will bear, and then some are synonymous. We would be unhesitatingly glad to see a rival company plunge for the Inter-Island pork barrel. If for no oilier reason, because this would oblige the Inter-Island, for the first time in its life, to give value received. Hark, Hark, the Lark From the Ad vert her Pleas of various public school teachers for Friday as a holiday instead of the teachers all being required to attend the annual meeting of the Territorial Teach ers' Association have been denied by Superintendent MacCaughey, who expresses his regret but says it is impossible to grant the re quest. Superintendent MacCaughey probably knows better than any one else whether or not it wouid be advisable to hold the aunual meeting some other time and give the teachers a day to recover from Thanksgiving. But there remains the question: Is the annual meet ing of the association liable to piove of any benefit to the teach ers? A glance at the program that has been prepared is not encourag ing. One can hardly blame tue teachers for feeling that they are wasting their time. Teachers are human. How would other mem bers of the community like to be obliged to attend a meeting much of the program of winch is taken up with such things as "Chorus, Morning Gallon:'' "Hark, Hark, the Lark ;" reading of the minutes; piano duet; illustrated story; more music; class demonstration in physical culture; an address on school buildings; more music; remarks? It is true there are interspread a few addresses that may of may not prove worth while. But, tak ing the program as a whole, it looks remarkably like a waste of time. If the Territorial Teachers' As sociation can't do better than that it doesn't seem to justify its exist ence. And, anyway, it is not what its name implies. It is not an assoc iation of teachers but rather an obligatory burden added to the i est of their work. They have lit tle or no voice in it. It is a de partmental institution, headed by in no way calculated to increase nn officer of the department and Ihe espirit de corps of the teach ers. What they need is an associa tion of their own, with teachers as officers, that would have for its object the best interests of the teachers as well as of the schools. The teachers have wisely shown that they don't want a union, affil iated with the hod-carriers and coal miners of the mainland. But they do need and should organize an association of theii own that would do more than meet once a year to elect officers and be bored by an uninteresting cut-and-dried program. :0: Interscholastic Athletic League . At the close of the teachers' meeting last Friday a meeting of the principals was held, which body decided, among other things. to proceed with the .organization of an interscholastic league. Mr, Damkroger, having proposed this in his address on Physical Educa tion in the Schools, was called on for more specific information Mr. Warner, who directed the in 4-... 1. , 1 . .i 1 1 11 i icrsi-uuiuswc oasenau league on Kauai last spring, was also called on for advice and suggestions The conference resulted in the ap pointment of a special committee to draw up complete recommenda tions for such a league which should be presented to the prin cipals at their next meeting, Jan uary 9, 1920. The following were named on this committee: Mr. Damkroger, representing the plan tations, Mr. Warner, for the Y. M. C. A. and Miss Myhand for the Principal's Association. The public should be vitally in terested iii this proposed league as it favorably affects, not only the welfare of the thildren in the school now but Kauai's future manhood anil womanhood. The greatest obstacle to competitive games between schools is that of transportation. The plantation managers can not be expected to furnish trucks on week days as the trucks are indispensable to the daily routine. Popular sub scription is objectionable in some ways and school entertainments distract attention from studies and games themselves while in process of preparation. Some sat isfactory way will be worked out no doubt and the boys and girls of the various schools should be encouraged to begin practice right away, particularly in volley ball, basket ball, baseball and track and field sports as these will no doubt be included in the "course of competitive sports." Christmas Gifts FROM Wall & Dougherty Ltd. Jewelers and Silversmiths HONOLULU Diamonds' Jewelry, Watches Stationery, Silverware Mail orders given prompt attention Goods sent on memorandum to reliable parties ! Let us reconstruct and repair your jewelry A government standard for the army and navy. 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